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Nelco Q2 Results: Tata Group Firm Posts 7 Percent Profit Growth
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CNBC TV18•19-10-2026, 18:18
Nelco Q2 Results: Tata Group Firm Posts 7 Percent Profit Growth
- •Nelco reported a 6.79 percent year-on-year increase in consolidated profit after tax to 1.73 crore rupees for the September quarter.
- •Revenue from operations rose 5.1 percent year-on-year to 78.14 crore rupees compared to 74.33 crore rupees in the year-ago period.
- •EBITDA grew 22 percent year-on-year to 9.1 crore rupees with margins expanding to 11.7 percent.
- •On a sequential basis, consolidated PAT decreased 26.07 percent from 2.34 crore rupees in the June quarter.
- •The company recently invested 20 million dollars in Lunar Holdco to establish a partnership for satellite-based services.
Key Questions Answered
Nelco reported a 6.79% year-on-year increase in consolidated profit after tax (PAT) to ₹1.73 crore for the September quarter of FY27, while revenue from operations rose 5.1% to ₹78.14 crore.
Nelco invested $20 million in Lunar Holdco, Inc. through compulsorily convertible debentures carrying a 7% annual compounded return to establish a long-term partnership for satellite-based direct-to-device, IoT, and communication services in India and other markets.
Nelco's earnings before interest, tax, depreciation and amortisation grew 22% year-on-year to ₹9.1 crore in the September quarter, with the EBITDA margin expanding to 11.7% from 10% a year earlier.
